EURUSD Forecast    
The EURUSD had a moderate bullish momentum yesterday topped at 1.1122. The bias is neutral in nearest term probably with a little bullish bias testing 1.1160 – 1.1200 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell. Immediate support is seen around 1.1080. A clear break below that area could trigger further bearish pressure testing 1.1000 region. On the upside, a clear break and daily close above 1.1200 could trigger further bullish pullback testing the trend line resistance and 1.1300 area which is a good place to sell.

eurusddaily

FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.